Strong rebuy setup for PNUT (8H)

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Note: This is not a sell/short setup | it is a buy/long setup.

After clearing resistance order blocks and a strong bullish move, buyers seem to have exhausted their momentum and may need a retracement for price to return to their base.

We are looking for a rebuy within the green zone. The price is likely to move from this area toward the red box.

A daily candle closing below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

Penafian

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